Shares of Insperity, Inc. (NSP - Free Report) have rallied 19.9% in the past three-month period, primarily on solid top-line growth and investor-friendly steps.
Reasons for Upside
Insperity’s top-line growth is directly proportional to the rise in the average number of worksite employees paid per month. Revenues of $1.43 billion for second-quarter 2022 increased 20.2% year over year. The upside was backed by a 1.2% increase in revenues per worksite employee (WSEE) and a 19.4% increase in paid worksite employees.
In 2021, total revenues of $4.97 billion increased 16% year over year on the back of an 8% increase in revenues per worksite employees and a 7% increase in paid worksite employees. Average number of worksite employees paid per month were 250,745 at the end of 2021. Worksite employee growth is being driven by strength across sales, higher client retention and a rise in net hiring of worksite employees by Insperity’s client base.
Insperity makes consistent efforts to reward its shareholders. In 2021, NSP repurchased 716,000 shares for $69.7 million and paid out dividends totaling $144.2 million. During 2020, NSP repurchased 1.4 million shares for $99.4 million and paid out dividends totaling $61.9 million. It bought back 2.1 million shares for $203 million and paid out dividends worth $48.6 million in 2019. Such moves underpin NSP’s commitment to boosting shareholder value and reinforcing its confidence in business.
Favorable Estimate Revision
Driven by the above tailwinds, the Zacks Consensus Estimate for current-year earnings has moved 5.1% north to $4.95 in the past 60 days.
Zacks Rank and Other Stocks to Consider
Insperity currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Investors interested in the broader Zacks Business Services sector can also consider a few other top-ranked stocks like Avis Budget Group, Inc. (CAR - Free Report) , Genpact Limited (G - Free Report) and CRA International, Inc. (CRAI - Free Report) .
Avis Budget sports a Zacks Rank #1 (Strong Buy) at present. CAR has an earnings growth rate of 108.4% for 2022.
Avis Budget delivered a trailing four-quarter earnings surprise of 69.5%, on average.
Genpact carries a Zacks Rank #2 at present. G has a long-term earnings growth expectation of 12.3%.
Genpact delivered a trailing four-quarter earnings surprise of 10.1%, on average.
CRA International carries a Zacks Rank of 2, currently. CRAI has a long-term earnings growth expectation of 14.3%.
CRAI delivered a trailing four-quarter earnings surprise of 26%, on average.
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Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
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Shares of Insperity, Inc. (NSP - Free Report) have rallied 19.9% in the past three-month period, primarily on solid top-line growth and investor-friendly steps.
Reasons for Upside
Insperity’s top-line growth is directly proportional to the rise in the average number of worksite employees paid per month. Revenues of $1.43 billion for second-quarter 2022 increased 20.2% year over year. The upside was backed by a 1.2% increase in revenues per worksite employee (WSEE) and a 19.4% increase in paid worksite employees.
In 2021, total revenues of $4.97 billion increased 16% year over year on the back of an 8% increase in revenues per worksite employees and a 7% increase in paid worksite employees. Average number of worksite employees paid per month were 250,745 at the end of 2021. Worksite employee growth is being driven by strength across sales, higher client retention and a rise in net hiring of worksite employees by Insperity’s client base.
Insperity makes consistent efforts to reward its shareholders. In 2021, NSP repurchased 716,000 shares for $69.7 million and paid out dividends totaling $144.2 million. During 2020, NSP repurchased 1.4 million shares for $99.4 million and paid out dividends totaling $61.9 million. It bought back 2.1 million shares for $203 million and paid out dividends worth $48.6 million in 2019. Such moves underpin NSP’s commitment to boosting shareholder value and reinforcing its confidence in business.
Favorable Estimate Revision
Driven by the above tailwinds, the Zacks Consensus Estimate for current-year earnings has moved 5.1% north to $4.95 in the past 60 days.
Zacks Rank and Other Stocks to Consider
Insperity currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Investors interested in the broader Zacks Business Services sector can also consider a few other top-ranked stocks like Avis Budget Group, Inc. (CAR - Free Report) , Genpact Limited (G - Free Report) and CRA International, Inc. (CRAI - Free Report) .
Avis Budget sports a Zacks Rank #1 (Strong Buy) at present. CAR has an earnings growth rate of 108.4% for 2022.
Avis Budget delivered a trailing four-quarter earnings surprise of 69.5%, on average.
Genpact carries a Zacks Rank #2 at present. G has a long-term earnings growth expectation of 12.3%.
Genpact delivered a trailing four-quarter earnings surprise of 10.1%, on average.
CRA International carries a Zacks Rank of 2, currently. CRAI has a long-term earnings growth expectation of 14.3%.
CRAI delivered a trailing four-quarter earnings surprise of 26%, on average.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks<<
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